Warther Private Wealth LLC Has $11.54 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Warther Private Wealth LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,125 shares of the energy exploration company’s stock after purchasing an additional 1,393 shares during the quarter. EOG Resources makes up approximately 3.9% of Warther Private Wealth LLC’s portfolio, making the stock its 11th largest position. Warther Private Wealth LLC’s holdings in EOG Resources were worth $11,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Financial Life Planners purchased a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Mizuho lowered their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Bank of America restated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, KeyCorp lowered their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $143.90.

EOG Resources Trading Up 1.3 %

Shares of EOG opened at $132.32 on Wednesday. The stock’s 50-day moving average price is $127.78 and its 200 day moving average price is $127.34. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $74.42 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 12-month low of $109.06 and a 12-month high of $139.67.

EOG Resources declared that its board has initiated a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.